Thousands in Croydon back in work
22/04/2014 17:30:00......Posted by Mario Creatura
Thousands of Croydon people have been wiped off the jobless list over the past 14 months according to the latest Labour Market Bulletin.
Month by month, between February 2013 and March 2014, the number of people claiming job seekers allowance (JSA) in Croydon has taken a sustained tumble.
In February 2013, the borough had 10,142 people looking for work; by March of this year, more than 3,000 had been wiped off that tally, with 7,085 claiming JSA.
Those numbers represent a 30% drop over that period, and a 2.6% decrease on the previous month.
And the good news is mirrored in the young people’s sector with 870 fewer 18- to 24-year-olds claiming JSA this March, compared to February 2013 (1,520 against 2,390).
That statistic shows that youth unemployment has taken an even greater percentage fall, at 36.5% over the 14 months, with a decrease of 3.5% on the previous month.
The figures for this March show Croydon, over the previous year, enjoyed the third biggest drop in JSA claimants among the south London boroughs (behind Bexley on 35%, and Sutton on 29%), and seventh of all the capital’s authorities.
And, with some 16,000 new jobs being created in the borough over the next five years as part of Pathways to Employment – a joint programme that sees the council, Jobcentre Plus and private sector companies and charities working together – the good news is set to continue.
These are tremendous numbers for Croydon and show that the council is working hard on behalf of everybody in the borough. Nobody can deny that the past few years have been extremely challenging but, as these latest statistics show, the corner has now been turned. The combination of the Pathways to Employment initiative and the massive infrastructure work currently going on is providing a huge boost, both to Croydon residents and the local economy.
With more people in work than ever before, it's great to see the national Conservative-led coalition's policies, and the work of the Conservative administration in Croydon having a positive impact on our local economy. Long may it continue!